2022年11月25日

中国电动汽车初创企业WM Motor提交上市申请已有半年时间，但由于上市计划缺乏进展，该公司不得不考虑其他路径。一位公司内部人士告诉中国媒体《明经专业报》，该公司正在研究使用反向合并的方式在香港或其他地方进行IPO。WM汽车从2020年开始准备在上海上市，但在上市材料审查中发现了很多问题，因此暂停了IPO。有人质疑科技含量不足、研发投入低、持续亏损。WM汽车迅速回应称，在上市政策收紧的情况下，该公司正在等待IPO。然而，在那之后，直到2022年6月，该公司开始在香港上市，才有了新的进展。根据当时的计划，如果一切顺利，将于今年下半年完成上市。现在距离2022年只剩下一个月了，这意味着WM Motor要实现这一目标将非常困难。WM汽车去年仅销售了4.4万辆，今年前10个月还不到3万辆。虽然其营业收入从2019年的17.62亿元逐渐增加到2021年的47.43亿元，但增速远远低于竞争对手。 For example, the revenue growth rates of XPeng in the last two years were 151.78% and 259.12% respectively. From 2019 to 2021, WM Motor’s net loss rates were 235.2%, 190.3% and 173.0% respectively. In 2020, it started large-scale financing, which expanded to 1.8 billion yuan at the end of the year and further expanded to 4.1 billion yuan in 2021. In October, news emerged that the firm had decided to reduce financial pressure by reducing employees’ salaries. On November 21, Freeman Shen, WM Motor’s chairman and CEO, wrote an open letter to employees, showing that, starting from October, senior managers will reduce their salaries by 50%. Other employees will be paid 70% of their basic salary, while no extra bonuses, retention bonuses, year-end bonuses, or car purchase subsidies will be paid this year.